MightyOne wrote:TheRumpledOne wrote:Hey MO:
Did you get my latest email?
What are the reasons you would enter long?
What are the reasons you would enter short?
It is easy to see but difficult to explain, TRO.
Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.
I use a 3.5 line stop loss:
if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.
When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?